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Earnings per Share
 3 Months Ended
Apr. 04, 2015
Earnings Per Share [Abstract]  
Earnings per Share
3.    Earnings per Share

Basic and diluted earnings per share are calculated as follows:
 
 
Three Months Ended
 
 
April 4,
2015
 
March 29,
2014
(In thousands, except per share amounts)
 
 
 
 
 
 
 
Amounts Attributable to Kadant:
 
 
 
 
Income from Continuing Operations
 
$
6,832

 
$
5,058

Income (Loss) from Discontinued Operation
 
65

 
(5
)
Net Income
 
$
6,897

 
$
5,053

 
 
 
 
 
Basic Weighted Average Shares
 
10,892

 
11,132

Effect of Stock Options, Restricted Stock Units and Employee Stock Purchase Plan
 
194

 
182

Diluted Weighted Average Shares
 
11,086

 
11,314

 
 
 
 
 
Basic Earnings per Share:
 
 

 
 

Continuing Operations
 
$
0.63

 
$
0.45

Discontinued Operation
 
$
0.01

 
$
—

Net Income per Basic Share
 
$
0.63

 
$
0.45

 
 
 
 
 
Diluted Earnings per Share:
 
 

 
 

Continuing Operations
 
$
0.62

 
$
0.45

Discontinued Operation
 
$
0.01

 
$
—

Net Income per Diluted Share
 
$
0.62

 
$
0.45



Unvested restricted stock units equivalent to approximately 46,000 and 57,000 shares of common stock for the first quarters of 2015 and 2014, respectively, were not included in the computation of diluted earnings per share because either the effect of their inclusion would have been anti-dilutive, or for unvested performance-based restricted stock units, the performance conditions had not been met as of the end of the reporting period.